Popcorn seasoned with salt and spices, similar to nankeens, will incur a 5% GST from now on.The 55th GST Council meeting has clarified the GST rates on popcorns served at movie halls and theatres. The GST Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising her state counterparts, has said the ready-to-eat popcorn mixed with salt & spices if not pre-packaged will attract 5% GST, while the rate will be 12% if it is pre-packaged and labelled.
The council increased the rate to 18% when popcorn is mixed with sugar (caramel popcorn) as it changes the essential character of popcorn to a sugar confectionery and will be classifiable under HS 1704 90 90.
The GST Council, which is meeting in Jaisalmer, Rajasthan, may review the adjustment of tax rates for around 148 items, including possible increases on luxury goods like watches, pens, shoes, and apparel. Additionally, they could consider implementing a new 35% tax slab specifically for sin goods, separate from the current four-tier GST system comprising 5%, 12%, 18%, and 28% rates.
Rs 4 Lakh crore investor wealth boost! Why stock market is back in green after four days 
Coforge shares gain ahead of Q1 results: Profit may rise 80-90%; Encore integration eyed
RAF’s conduct during students’ Parliament march under review, say sources 
US-Iran pause attacks for second day; Trump 'giving talks some space' as Hormuz deal discussed
New paper leak bill in Lok Sabha today, proposes harsher punishment; MPs given draft
AI Data Centers, Aerospace & Gas Turbines: What's Powering Indo-MIM's Future Growth?
Best Healthcare Stocks: Gaurang Shah's Outlook On Apollo Hospitals, Fortis & The Manipal Health IPO
Is Indo-MIM's IPO Valuation Justified? Here's Why The Company Sees Strong Growth Ahead
Treasury Bills Explained: Why T-Bills Are One Of The Safest Short-Term Investment Options
FDs vs Markets: Where Should You Keep Your Short-Term Money?
MV Electrosystems IPO opens on July 30; check price band, issue size, key dates & more
IDFC First Bank share price up 10%; here's why | CLSA, Jefferies, HSBC, JPMorgan targetsRs 4 Lakh crore investor wealth boost! Why stock market is back in green after four days 
REC, JK Cements, HAL among top trading picks for short-term gains; check targets & moreCoforge shares gain ahead of Q1 results: Profit may rise 80-90%; Encore integration eyed
Gold, silver prices today (July 27): Check latest rates in Delhi, Mumbai, Kolkata, other citiesMV Electrosystems IPO opens on July 30; check price band, issue size, key dates & moreIDFC First Bank share price up 10%; here's why | CLSA, Jefferies, HSBC, JPMorgan targetsRAF’s conduct during students’ Parliament march under review, say sources 
19-year-old scores 166 in NEET re-exam, dies by suicide in Maharashtra as toll from leak crisis grows
